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More than 1.1 million bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org. The massive stash of bitcoin reserves held by well known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of bitcoin in August. Now there … Read more
Personal finance guru Dave Ramsey has given advice about bitcoin to a man who made over $100,000 by investing just $1,500 in the cryptocurrency. Ramsey repeatedly expressed his doubt that bitcoin can be cashed out, calling the cryptocurrency “funny money.” He recommends selling bitcoin immediately. Dave Ramsey Suspicious of Bitcoin Famous radio show host and … Read more
Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June … Read more
On December 27, at around 2 a.m. in the morning (EST), another large string of decade-old sleeping bitcoins was transferred. The miner spent 20 block rewards that were originally mined in 2010, and also spent the corresponding bitcoin cash block rewards as well. The bitcoins moved are worth well over $27 million using today’s exchange … Read more
Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another all-time high (ATH) at $28,378 per coin. Toward the end of 2020, the cryptocurrency’s market capitalization has crossed a whopping half of a trillion U.S. dollars in value. The leading cryptocurrency by market valuation, bitcoin … Read more
While bitcoin has jumped well above the $26,000 zone, a number of crypto proponents are extremely bullish for the crypto asset’s performance in 2021. During the last year, a number of pundits, experts, luminaries, and speculators have predicted bitcoin’s 2021 value after the digital currency has experienced a phenomenal year in 2020. 2021 Bitcoin Price … Read more
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding … Read more
Bitgo’s assets under custody have surpassed $16 billion. The company says it is seeing “unprecedented interest from institutional investors,” resulting from the economic impact of the coronavirus pandemic and the recent bitcoin bull run. Paypal was also rumored to be in acquisition talks with the company. $16 Billion in Cryptocurrencies Under Custody Bitgo announced Wednesday … Read more
The price of bitcoin jumped well over the $25k handle touching a high of $25,890 on Saturday morning (EST). The crypto asset has an overall market valuation of $476 billion this weekend gaining over 6.8% during the last 24 hours. The overall cryptocurrency market capitalization of all the crypto assets in existence today is roughly … Read more
Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdraw their funds, suspecting the exchange of pulling an exit scam. $500K per Bitcoin on Livecoin Exchange Russian cryptocurrency exchange Livecoin claims … Read more